Cochlear Annual Report 2008
Income statements
 Cochlear Limited and its controlled entities for the year ended 30 June 2008
Financial Report
Directors’ Report
Auditor’s Independence Declaration
Income statements
Statements of recognised income & expense
Balance sheets
Statements of cash flows
Notes to the financial statements
Directors’ Declaration
Independent Audit Report
Additional information
 
Glossary
Company Information
 

Consolidated

Company

  Note

2008

2007

2008

2007

 

 

$000

$000

$000

$000

Revenue

5(a)

601,725

559,412

441,648

403,182

Cost of sales

5(b)

(169,013)

(161,334)

(205,699)

(183,561)

Gross profit

 

432,712

398,078

235,949

219,621

Other income

5(c)

2,510

1,133

2,259

1,980

Selling and general expenses

 

(156,487)

(141,046)

(26,072)

(21,993)

Administration expenses

 

(36,092)

(38,635)

(30,679)

(30,664)

Research and development expenses

5(b)

(80,017)

(65,949)

(67,232)

(53,138)

Results from operating activities

 

162,626

153,581

114,225

115,806

Finance income

6

6,113

2,199

2,815

3,181

Finance expense

6

(12,022)

(12,299)

(7,063)

(4,937)

Net finance expense

 

(5,909)

(10,100)

(4,248)

(1,756)

Profit before income tax

 

156,717

143,481

109,977

114,050

Income tax expense

8

(41,483)

(45,805)

(29,585)

(29,363)

Net profit (including minority interest)

 

115,234

97,676

80,392

84,687

Attributable to:

         

Equity holders of the parent

 

115,234

100,131

80,392

84,687

Minority interest

 

-

(2,455)

-

-

Net profit (including minority interest)

 

115,234

97,676

80,392

84,687

Basic earnings per share (cents)

11

208.1

182.9

   

Diluted earnings per share (cents)

11

206.6

180.1

   

The income statements are to be read in conjunction with the notes to the financial statements in this report.


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